Raymond share price rises 4% on NCLT nod for FMCG business consolidation

Raymond share price rose nearly 4% intraday on March 4 after the National Company Law Tribunal (NCLT) approval the companys consolidation of FMCG business. At 1351 hours, Raymond was quoting at Rs502.35, up Rs8.10, or 1.64%, on the BSE. The Mumbai bench of NCLT sanctioned the scheme of amalgamation and arrangement between the company and its associate entities.

Mar 04, 2020 11:03 IST Source : MoneyControl

Raymond
Raymond share price rose nearly 4% intraday on March 4 after the National Company Law Tribunal (NCLT) approval the companys consolidation of FMCG business. At 1351 hours, Raymond was quoting at Rs502.35, up Rs8.10, or 1.64%, on the BSE. The Mumbai bench of NCLT sanctioned the scheme of amalgamation and arrangement between the company and its associate entities.

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